Dollar Tree (NASDAQ:DLTR) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a report released on Friday.
Several other research firms have also recently commented on DLTR. Morgan Stanley cut their price target on Dollar Tree from $105.00 to $101.00 and set an “equal weight” rating for the company in a research note on Friday, June 1st. ValuEngine cut Dollar Tree from a “buy” rating to a “hold” rating in a research note on Tuesday, April 17th. Telsey Advisory Group cut their price target on Dollar Tree from $105.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, June 1st. BMO Capital Markets cut their price target on Dollar Tree from $115.00 to $97.00 and set a “hold” rating for the company in a research note on Thursday, March 8th. Finally, Buckingham Research cut their price target on Dollar Tree from $114.00 to $112.00 and set a “buy” rating for the company in a research note on Friday, June 1st. Twelve analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $106.76.
Shares of Dollar Tree opened at $83.99 on Friday, according to Marketbeat. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.11 and a quick ratio of 0.41. Dollar Tree has a twelve month low of $66.01 and a twelve month high of $116.65. The company has a market capitalization of $19.87 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 1.05 and a beta of 0.82.
Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Thursday, May 31st. The company reported $1.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.04). Dollar Tree had a return on equity of 18.23% and a net margin of 7.44%. The company had revenue of $5.55 billion for the quarter, compared to analysts’ expectations of $5.56 billion. During the same quarter last year, the company earned $0.98 EPS. Dollar Tree’s revenue for the quarter was up 5.0% compared to the same quarter last year. sell-side analysts anticipate that Dollar Tree will post 5.53 earnings per share for the current year.
In other news, Director Lemuel E. Lewis bought 2,500 shares of the stock in a transaction on Monday, June 4th. The shares were bought at an average price of $80.44 per share, with a total value of $201,100.00. Following the completion of the acquisition, the director now owns 17,654 shares of the company’s stock, valued at $1,420,087.76. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas E. Whiddon bought 2,250 shares of the stock in a transaction on Monday, June 18th. The stock was purchased at an average cost of $88.78 per share, for a total transaction of $199,755.00. Following the acquisition, the director now directly owns 26,121 shares of the company’s stock, valued at approximately $2,319,022.38. The disclosure for this purchase can be found here. 1.50% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the business. CenterStar Asset Management LLC acquired a new stake in Dollar Tree in the first quarter valued at $102,000. Dupont Capital Management Corp grew its holdings in Dollar Tree by 77.0% in the first quarter. Dupont Capital Management Corp now owns 1,632 shares of the company’s stock valued at $155,000 after purchasing an additional 710 shares during the last quarter. Cerebellum GP LLC grew its holdings in Dollar Tree by 58.9% in the second quarter. Cerebellum GP LLC now owns 2,120 shares of the company’s stock valued at $180,000 after purchasing an additional 786 shares during the last quarter. Sterling Capital Management LLC acquired a new stake in Dollar Tree in the fourth quarter valued at $210,000. Finally, Fieldpoint Private Securities LLC acquired a new stake in Dollar Tree in the first quarter valued at $213,000. 91.42% of the stock is currently owned by institutional investors.
Dollar Tree Company Profile
Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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